DocuSign Taps Adaptive Insights

Adaptive Insights, a company focusing on cloud business and financial analytics for companies and nonprofits of all sizes, has announced that DocuSign, a global standard for Digital Transaction Management, is using the Adaptive Suite to gain greater insight into key financial and sales metrics within departmental budgets throughout the company.

According to a release, the findings, recently published through an independent study by Nucleus Research, state that DocuSign achieved an 802 percent ROI on the investment in the Adaptive Suite within two months of use, and are saving an annual average of $269,000.

"Instead of doing analysis, Finance would spend 80 percent of their time adjusting data and structure in spreadsheets," said Mike Wong, Senior Director of Financial Planning & Analysis, DocuSign. "Contrast that with 20 percent of their time currently. That extra time is now spent helping business owners understand and scale their business efficiently."

Prior to implementing the Adaptive Suite, DocuSign relied heavily on spreadsheets for financial planning and budgeting. This spreadsheet method created several challenges for the company, including the need to consistently review and update the spreadsheets and reconcile multiple versions of plans. In order to take full advantage of upcoming growth and expansion opportunities, DocuSign searched for a new solution that could meet the following key requirements:

-Ability to streamline processes and improve decision-making

-Add visibility into bookings, resources, and revenue forecasts

-Give business owners visibility into headcount and requisition status

-Readily integrate with the company's existing human resource and finance applications

-Capacity to scale with and support DocuSign's global expansion

According to the Report, DocuSign has significantly expanded the use of the Adaptive Suite since the initial implementation to include bookings, provide forecasted revenues, and create quota builds with multiple quarter-based reporting that have helped the company to meet and exceed forecasts. Overall, Nucleus concluded that, "Deploying Adaptive Insights enabled DocuSign to driver greater visibility and productivity across the organization by providing managers and finance users with a cloud-based application that they can access from anywhere."

"We are thrilled to hear that an industry-leading company like DocuSign has received such significant value out of the Adaptive Suite, and even more encouraged by their expanded use of our solution over the last three years," Adaptive Insights CEO John Herr said. "The Nucleus Research findings are consistent with the feedback we regularly hear from word-class organizations like DocuSign, which is that Adaptive has helped them create a more collaborate, efficient organization and given greater insights into key performance metrics. Those insights lead to quicker, more informed business decisions, which is the ultimate value of Adaptive Insights."

More information:

www.docusign.com

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